Common use of Institution Obligations Clause in Contracts

Institution Obligations. The Institution understands and agrees that Customers Bank’s performance of its obligations hereunder is dependent upon the Institution’s cooperation and timely performance of certain tasks and obligations. These tasks and obligations are set forth below and shall include, but are not limited to: a. assigning adequate personnel to assist Customers Bank in the performance of the Services and providing assistance to and coordinating with third party providers of the Institution System to facilitate the timely implementation and performance of the Services; b. providing any technical data and other technical information necessary for access to the Institution System and for the performance of the Services; c. facilitating any integration and coordinating with the Institution System third party vendors including but not limited to Campus Transaction System, ERP and other providers (as applicable) in order to connect the Services with the Institution System; d. maintaining and operating all of the features and functionalities of the Institution System, unless otherwise expressly stated in Exhibit A, and protecting all information stored on the Institution System; e. assisting Customers Bank in the design of marketing information related to the Services; f. providing Customers Bank the right to have marketing materials related to the Services included within Institution mailings to Users, continuing to remain responsible for any expenses, including postage, relating to the Institution distributed mailings to Users; g. refraining from entering into any agreement or similar relationship with any other third party provider relating to refund disbursement or to the co-branding of checking accounts and/or debit, store-valued or equivalent cards during the Term; Users by the Institution and (ii) timely decisions and approvals necessary for the timely delivery of the Services; i. generating and distributing of payroll stubs and associated tax-related information to the extent that Customers Bank is handling payroll disbursements; j. issuing and distributing temporary cards, which will not be Debit Cards in the event that the Institution desires to provide Users with a temporary card in the case of loss or theft of a Users Debit Card which serves an institutional purpose; k. providing Institution Data to Customers Bank to perform the Services; l. reviewing, on an annual basis, Customers Bank’s policies and procedures as set forth in Customers Bank’s Department of Education Compliance Handbook pertaining to the Services and abiding by those policies and procedures; m. conducting reasonable due diligence reviews at least every two years, with the first review to be completed by July 1, 2018, in accordance with Department of Education (“DOE”) regulations; n. disclosing, conspicuously on its website, no later than September 1, 2016, this Agreement and providing to the Secretary of the DOE an updated URL containing the Agreement for publication in a centralized database accessible to the public; provided, however that the parties shall have the right to redact from this Agreement any information that, if disclosed, would compromise either party’s personal privacy, proprietary information, or the security of information technology or of physical facilities; o. disclosing, conspicuously on its website no later than September 1, 2017, the total consideration for the most recently completed award year paid to or received by the parties under the terms of this Agreement or any other agreements between Customers Bank and the Institution concerning the Services; p. disclosing, conspicuously on its website, no later than September 1, 2017, the number of accounts opened under this Agreement, and the mean and median actual costs incurred by accountholders for the previous calendar year, during any year in which the Institution’s enrolled students open thirty (30) or more financial accounts; q. notifying the DOE within ten (10) days of the date that it (i) enters into a new third-party servicer contract or significantly modifying an existing contract; (2) terminates a third-party servicer contract; or (3) ceases the performance of the functions required under a third-party servicer contract, goes out of business, or files a bankruptcy petition; r. providing Customers Bank the date on which a credit balance is created; and s. executing Customers Bank’s Institutional Purpose Verification form if the Debit Card serves an institutional purpose. Customers Bank agrees to assist the Institution with the disclosure requirements set forth in subsections (n) through (p).

Institution Obligations. The Institution understands and agrees that Customers Bank’s BM Technologies performance of its obligations hereunder is dependent upon the Institution’s cooperation and timely performance of certain tasks and obligations. These tasks and obligations are set forth below and shall include, but are not limited to: a. assigning adequate personnel to assist Customers Bank BM Technologies in the performance of the Services and providing assistance to and coordinating with third party providers of the Institution System to facilitate the timely implementation and performance of the Services; b. providing any technical data and other technical information necessary for access to the Institution System and for the performance of the Services; c. facilitating any integration and coordinating with the Institution System third party vendors including but not limited to Campus Transaction System, ERP and other providers (as applicable) in order to connect the Services with the Institution System; d. maintaining and operating all of the features and functionalities of the Institution System, unless otherwise expressly stated in Exhibit A, and protecting all information stored on the Institution System; e. assisting Customers Bank in the design of marketing information related to the Services; f. providing Customers Bank BM Technologies the right to have marketing materials related to the Services included within Institution mailings to Users, continuing to remain responsible for any expenses, including postage, relating to the Institution distributed mailings to Users; g. f. refraining from entering into any agreement or similar relationship with any other third third-party provider relating to refund disbursement or to the co-branding of checking accounts and/or debit, store-valued or equivalent cards during the Term; ; g. providing (i) access to and assistance with marketing information related to the Services to be distributed to Users by the Institution and (ii) timely decisions and approvals necessary for the timely delivery of the Services; i. h. generating and distributing of payroll stubs and associated tax-related information to the extent that Customers Bank BM Technologies is handling payroll disbursements; j. i. issuing and distributing temporary cards, which will not be Debit Cards in the event that the Institution desires to provide Users with a temporary card in the case of loss or theft of a Users User’s Debit Card which serves an institutional purpose; k. j. providing Institution Data to Customers Bank BM Technologies to perform the Services; l. k. reviewing, on an annual basis, Customers Bank’s BM Technologies policies and procedures as set forth in Customers Bank’s BM Technologies Department of Education Compliance Handbook pertaining to the Services and abiding by those policies and procedures; m. l. conducting reasonable due diligence reviews at least every two years, with the first review to be completed by July 1, 2018, years in accordance with Department of Education (“DOE”) regulations; n. m. disclosing, conspicuously on its website, no later than September 1, 2016, website this Agreement and providing to the Secretary of the DOE Department of Education an updated URL containing the Agreement for publication in a centralized database accessible to the public; provided, however that the parties shall have the right to redact from this Agreement any information that, if disclosed, would compromise either party’s personal privacy, proprietary information, or the security of information technology or of physical facilities; o. n. disclosing, conspicuously on its website no later than September 1, 2017, the total consideration for the most recently completed award year paid to or received by the parties under the terms of this Agreement or any other agreements between Customers Bank BM Technologies and the Institution concerning the Services; p. o. disclosing, conspicuously on its website, no later than September 1, 2017, website the number of accounts opened under this Agreement, and the mean and median actual costs incurred by accountholders for the previous calendar year, during any year in which the Institution’s enrolled students open thirty (30) or more financial accounts; q. p. notifying the DOE Department of Education within ten (10) days of the date that it it (i) enters into a new third-party servicer contract or significantly modifying an existing contract; (2) terminates a third-party servicer contract; or (3) ceases the performance of the functions required under a third-party servicer contract, goes out of business, or files a bankruptcy petition; r. ; q. providing Customers Bank BM Technologies the date on which a credit balance is created; and s. and r. executing Customers Bank’s BM Technologies Institutional Purpose Verification form if the Debit Card serves an institutional purpose. Customers Bank BM Technologies agrees to assist the Institution with the disclosure requirements set forth in subsections (n) through (p).

Institution Obligations. The Institution understands and agrees that Customers Bank’s performance of its obligations hereunder is dependent upon the Institution’s cooperation and timely performance of certain tasks and obligations. These tasks and obligations are set forth below and shall include, but are not limited to: a. assigning adequate personnel to assist Customers Bank in the performance of the Services and providing assistance to and coordinating with third party providers of the Institution System to facilitate the timely implementation and performance of the Services; b. providing any technical data and other technical information necessary for access to the Institution System and for the performance of the Services; c. facilitating any integration and coordinating with the Institution System third party vendors including but not limited to Campus Transaction System, ERP and other providers (as applicable) in order to connect the Services with the Institution System; d. maintaining and operating all of the features and functionalities of the Institution System, unless otherwise expressly stated in Exhibit A, and protecting all information stored on the Institution System; e. assisting Customers Bank in the design of marketing information related to the Services; f. providing Customers Bank the right to have marketing materials related to the Services included within Institution mailings to Users, continuing to remain responsible for any expenses, including postage, relating to the Institution distributed mailings to Users; g. refraining from entering into any agreement or similar relationship with any other third party provider relating to refund disbursement or to the co-branding of checking accounts and/or debit, store-valued or equivalent cards during the Term; Users by the Institution and (ii) timely decisions and approvals necessary for the timely delivery of the Services; i. generating and distributing of payroll stubs and associated tax-related information to the extent that Customers Bank is handling payroll disbursements; j. issuing and distributing temporary cards, which will not be Debit Cards in the event that the Institution desires to provide Users with a temporary card in the case of loss or theft of a Users Debit Card which serves an institutional purpose; k. providing Institution Data to Customers Bank to perform the Services; ; l. reviewing, on an annual basis, Customers Bank’s policies and procedures as set forth in Customers Bank’s Department of Education Compliance Handbook pertaining to the Services and abiding by those policies and procedures; m. conducting reasonable due diligence reviews at least every two years, with the first review to be completed by July 1, 2018, in accordance with Department of Education (“DOE”) regulations; n. disclosing, conspicuously on its website, no later than September 1, 2016, this Agreement and providing to the Secretary of the DOE an updated URL containing the Agreement for publication in a centralized database accessible to the public; provided, however that the parties shall have the right to redact from this Agreement any information that, if disclosed, would compromise either party’s personal privacy, proprietary information, or the security of information technology or of physical facilities; o. disclosing, conspicuously on its website no later than September 1, 2017, the total consideration for the most recently completed award year paid to or received by the parties under the terms of this Agreement or any other agreements between Customers Bank and the Institution concerning the Services; p. disclosing, conspicuously on its website, no later than September 1, 2017, the number of accounts opened under this Agreement, and the mean and median actual costs incurred by accountholders for the previous calendar year, during any year in which the Institution’s enrolled students open thirty (30) or more financial accounts; q. notifying the DOE within ten (10) days of the date that it (i) enters into a new third-party servicer contract or significantly modifying an existing contract; (2) terminates a third-party servicer contract; or (3) ceases the performance of the functions required under a third-party servicer contract, goes out of business, or files a bankruptcy petition; r. providing Customers Bank the date on which a credit balance is created; and s. executing Customers Bank’s Institutional Purpose Verification form if the Debit Card serves an institutional purpose. Customers Bank agrees to assist the Institution with the disclosure requirements set forth in subsections (n) through (p).

Institution Obligations. The Institution understands and agrees that Customers BankBankMobile’s performance of its obligations hereunder is dependent upon the Institution’s cooperation and timely performance of certain tasks and obligations. These tasks and obligations are set forth below and shall include, but are not limited to: a. assigning adequate personnel to assist Customers Bank BankMobile in the performance of the Services and providing assistance to and coordinating with third party providers of the Institution System to facilitate the timely implementation and performance of the Services; b. providing any technical data and other technical information necessary for access to the Institution System and for the performance of the Services; c. facilitating any integration and coordinating with the Institution System third party vendors including but not limited to Campus Transaction System, ERP and other providers (as applicable) in order to connect the Services with the Institution System; d. maintaining and operating all of the features and functionalities of the Institution System, unless otherwise expressly stated in Exhibit A, and protecting all information stored on the Institution System; e. assisting Customers Bank BankMobile in the design of marketing and education information related to the Services; f. providing Customers Bank BankMobile the right to have marketing materials related to the Services included within Institution mailings to Users, continuing to remain responsible for any expenses, including postage, relating to the Institution distributed mailings to Users; g. refraining from entering into any agreement or similar relationship with any other third third-party provider relating to refund disbursement or to the co-branding of checking accounts and/or debit, store-valued or equivalent cards during h. providing (i) access to and assistance with marketing information related to the Term; Services to be distributed to Users by the Institution and (ii) timely decisions and approvals necessary for the timely delivery of the Services; i. generating and distributing of payroll stubs and associated tax-related information to the extent that Customers Bank BankMobile is handling payroll disbursements; j. issuing and distributing temporary cards, which will not be Debit Cards in the event that the Institution desires to provide Users with a temporary card in the case of loss or theft of a Users User’s Debit Card which serves an institutional purpose; k. providing Institution Data to Customers Bank BankMobile to perform the Services; l. reviewing, on an annual basis, Customers BankBankMobile’s policies and procedures as set forth in Customers BankBankMobile’s Department of Education Compliance Handbook pertaining to the Services and abiding by those policies and procedures; m. conducting reasonable due diligence reviews at least every two years, with the first review to be completed by July 1, 2018, years in accordance with Department of Education (“DOE”) regulations; n. disclosing, conspicuously on its website, no later than September 1, 2016, website this Agreement and providing to the Secretary of the DOE Department of Education an updated URL containing the Agreement for publication in a centralized database accessible to the public; provided, however that the parties shall have the right to redact from this Agreement any information that, if disclosed, would compromise either party’s personal privacy, proprietary information, or the security of information technology or of physical facilities; o. disclosing, conspicuously on its website no later than September 1, 2017, the total consideration for the most recently completed award year paid to or received by the parties under the terms of this Agreement or any other agreements between Customers Bank BankMobile and the Institution concerning the Services; p. disclosing, conspicuously on its website, no later than September 1, 2017, website the number of accounts opened under this Agreement, and the mean and median actual costs incurred by accountholders for the previous calendar year, during any year in which the Institution’s enrolled students open thirty (30) or more financial accounts; q. notifying the DOE Department of Education within ten (10) days of the date that it it (i) enters into a new third-party servicer contract or significantly modifying an existing contract; (2) terminates a third-party servicer contract; or (3) ceases the performance of the functions required under a third-party servicer contract, goes out of business, or files a bankruptcy petition; r. providing Customers Bank BankMobile the date on which a credit balance is created; and and s. executing Customers BankBankMobile’s Institutional Purpose Verification form if the Debit Card serves an institutional purpose. Customers Bank BankMobile agrees to assist the Institution with the disclosure requirements set forth in subsections (n) through (p).